Lululemon Stock Plummets 20% After Earnings Miss and Tariff Update

Lululemon (NASDAQ: LULU) shares experienced a sharp decline of nearly 20% in pre-market trading on Friday following the release of disappointing second-quarter earnings results. The company cited new U.S. tariffs and the elimination of the de minimis duty exemption as key drivers behind this downward movement. These policy changes, introduced under President Trump’s administration, are expected to impact Lululemon’s U.S. e-commerce operations and overall profitability significantly.